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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of early 2018 about 3% of the total condo market is up for sale (roughly 325 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in 2019. The next new condo building will be completed some time after 2020, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Beautiful turnkey unit in highly sought after Icon bldg of East Village. Exudes ultimate pride of ownership and modern charm with floor to ceiling windows, solid wood fl...
- 1 Beds
- 1 Baths
- 190020910 MLS
- Icon Bldg.
- ACTIVE Status
Embrace modern living in this loft-style condo. Enjoy sleek stainless steel appliances, granite counters, low maintenance laminate flooring and floor to ceiling windows...
- 1 Baths
- 190021012 MLS
- Aloft Bldg.
- ACTIVE Status
Sparkling 1BR/1BA unit in super-walkable East Village! This modern, west-facing home is flooded with natural light, and features brand new carpet & paint throughout. With...
- 1 Beds
- 1 Baths
- 190021005 MLS
- Nexus Bldg.
- ACTIVE Status
Stunning 2 Bedroom 2 Bath in the Heart of the Gaslamp District! Contemporary ALTA Unit 7th Floor Home. Beautiful 10ft Ceilings, Glass Walls of Windows with Awesome Views ...
- 2 Beds
- 2 Baths
- 190020983 MLS
- Alta Bldg.
- ACTIVE Status
Impeccable, south-facing penthouse of Acqua Vista with brilliant city, bay, and ocean views framed by floor-to-ceiling windows. Beautifully upgraded, you will marvel at t...
- 2 Beds
- 3 Baths
- 190020909 MLS
- Acqua Vista Bldg.
- ACTIVE Status
Luxury Pinnacle Residence Marina District that gives you the Best of the Best! 2 Bedrooms, Plus Den, 2.5 baths, 2 Patios all with amazing views. Highly sought after floor...
- 2 Beds
- 3 Baths
- 190020827 MLS
- Pinnacle Bldg.
- ACTIVE Status
Lovely northeast corner residence on the 5th floor of Trellis with east-facing views overlooking the vibrant Gaslamp Quarter. Enjoy newer wood floors, bright windows, a s...
- 1 Beds
- 1 Baths
- 190020825 MLS
- Trellis Bldg.
- ACTIVE Status
Stunning 23rd floor west facing waterfront condo. The premier downtown location above cruise ships in San Diego Bay w/180 degree unobstructed panoramic Pacific Ocean view...
- 3 Beds
- 2 Baths
- 190020813 MLS
- Grande South Bldg.
- ACTIVE Status
Resort style living at it's finest! Entertain guests in style. Rare luxury unit is highly desirable. Only few units with a 530 sq ft private veranda to enjoy! This Sexy &...
- 2 Beds
- 2 Baths
- 190020812 MLS
- Alta Bldg.
- ACTIVE Status
Beautiful open floor plan unit with tile in the kitchen along with granite counter tops, carpet in living room and bedroom!! Balcony views!! Well maintain building, with ...
- 1 Beds
- 1 Baths
- 190020805 MLS
- Park Terrace Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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